Arlington Housing Inventory Down in October 2011, Prices Inch Up

Total new inventory was down 10.5% in October, while total active inventory was down 13% year over year. As a result, only 150 properties sold, compared to 181 this time last year. Days on the market remain unchanged at 56, while an unusually high 10% of those properties sold were either foreclosures or short sales, properties are selling for an average of 96.3% of original list price. Coops and sales at the Jefferson Retirement Condo were not included in sales numbers.

Detached, Single Family Homes
N. Arlington: Average Net Sale Price: $819,982 after 40 days
Range: $397,700 – $1,890,000
S. Arlington: Average Net Sale Price: $617,582 after 42 days
Range: $348,230 – $1,400,000

Attached/Townhomes
N. Arlington: Average Net Sale Price: $793,044 after 32 days
Range*: $561,000 Р$1,133,811 (*Excluded a sale at $1,650,000, which artificially inflated the average)
S. Arlington: Average Net Sale Price: $383,622 after 46 days
Range: $196,500 – $685,000

1 Bedroom, 1 Bathroom Condos
N. Arlington: Average Net Sale Price: $346,438 after 52 days
Range: $252,000 – $412,500
S. Arlington: Average Net Sale Price: $238,953 after 55 days
Range: $129,000 – $369,000

2 Bedroom, 2 Bathroom Condos
N. Arlington: Average Net Sale Price: $575,547 after 33 days
Range: $389,500 – $1,130,000
S. Arlington: Average Net Sale Price: $395,882 after 40 days
Range: $141,500 – $485,000

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